Required information (The following information applies to the questions displayed betow) 1. On July 15, Piper Company sold $21,000 of merchandise (costing $10,500 ) for cash. The sales tax rate is 4%. On August 1, Piper sent the sales tax collected from the sale to the government. 2. On November 3, the Milwoukee Bueks sold a six game pack of advance tickets for $630 cash. On November 20. the Bucks played the first game of the six-game pack (this iepresented one-sixth of the advance ticket sales). 1. Record entries for the July 15 and August 1 transactions. 2. Record the entries for the November 3 and November 20 transactions 1 Record the entry for cash sales and its salegfaxes. 2 Record the cost of merchandise. 3 Record the sending of sales taxes to the government. 4 Record the sale of advance tickets. 5 Record the revenue earned from sale of tickets. Note: = journal entry has been entered Journal entry worksheet 45 Record the entry for cash sales and its sales taxes. Note: Enter debits before credits